An appraisal is an unbiased professional opinion of a home’s value. Appraisals are almost always used in purchase-and-sale transactions and commonly used in refinance transactions.
Home Appraisals No Longer Derailing Sales. Consider this one more sign that the housing market is heating up: Appraisers are putting higher values on homes again, allowing for more deals to go through. During the housing bust, sales were often derailed by low-ball appraisals that fell far shy of.
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“Even though we will no longer own the buildings. The campus is appraised at more than $342 million, according to the.
· If you have any real estate appraisal related questions you can call me at. My real estate agent felt she could no longer sell it at the price she put on the house.. Now while they were looking for comps they told me that they couldn’t even find our home because there have been no sales in our area for years, except for the home across.
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· Home buyers may have their fair share of challenges in this market, but appraisal issues apparently aren’t one of them, a new survey finds. As buyers go all out in their pursuit of every available home, they are running into relatively few issues with appraisers, who peg the market value of the property for the bank writing the mortgage, the Massachusetts Association of Realtors reports.
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Ending negotiations because a title search reveals issues with the property’s title. – Canceling the sale because the home appraises too low and subsequent appraisals produce the same result..
How Appraisals Are Derailing Home Sales By AnnaMaria Andriotis. Published: Nov 3, 2011 6:29 p.m. ET. Last. If they’re no longer interested in the home, they can walk away. (However, without a.